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Duke Energy Corporation (ticker: DUK, exchange: New York Stock Exchange (.N)) News Release - 12-Feb-2003

Duke Energy Chairman and Chief Executive Officer Rick Priory Will Speak at UBS Warburg Conference Thursday

CHARLOTTE, N.C., Feb 12, 2003 /PRNewswire-FirstCall via COMTEX/ -- Duke Energy Chairman and Chief Executive Officer Richard B. Priory will speak about the company's financial strategy at UBS Warburg's 2003 Natural Gas & Electric Utilities Conference in New York on Thursday, Feb. 13. Mr. Priory is scheduled to speak at approximately 1:15 p.m. ET.

Investors can listen to Priory's presentation and download the slides by accessing the investors' section of Duke Energy's Web site. The audio presentation can be accessed through the Web site approximately 30 minutes following Priory's appearance at the conference and will be available for 30 days afterwards. The slides will remain on the Web site indefinitely.

Duke Energy is a diversified multinational energy company with an integrated network of energy assets and expertise. The company manages a dynamic portfolio of natural gas and electric supply, delivery and trading businesses - meeting the energy needs of customers throughout North America and in key markets around the world. Duke Energy, headquartered in Charlotte, N.C., is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.

SOURCE Duke Energy

CONTACT:          Terry Francisco of Duke Energy, +1-704-373-6680, or 24-hour,
                  +1-704-382-8333